Federal home battery subsidy triggers 1,000 installations per day bonanza
July home battery data released by SunWiz shows Australia is on track to smash 2024 records with the potential for 220,000 installations to be completed in the first 12 months of the federal government’s Cheaper Home Batteries subsidy.
New South Wales invests in Spanish hybrid renewable energy platform
The New South Wales Treasury Corporation, the state’s sovereign investor, has entered into a partnership with United Kingdom-based developer Equitix to grow its renewable energy hybridisation platform in Spain.
Grid scale solar and battery projects score Western Power connection offers
Western Power has closed off 759 MW of connection offers for FY2024/25, announcing the last two projects for the period, and in the coming financial year expects to offers made for a further 300 MW of storage and 112 MW solar generation.
North Harbour lands funding to back twin battery projects
Australian renewables developer North Harbour Clean Energy has secured early-stage funding for two large-scale battery energy storage projects in New South Wales.
Federal renewables subsidy scheme expanded to 40 GW
The federal government is scaling up its support for renewables, expanding its flagship Capacity Investment Scheme in a bid to accelerate Australia’s clean energy transition.
Dutch investment giant APG pumps $1 billion into Australian renewables platform
Dutch pension fund giant APG Asset Management has committed more than $1 billion to expand the renewable energy platform of developer Octopus Australia.
CSIRO report shows firmed renewables remain lowest-cost option
Australia’s national science agency has reaffirmed its assessment that solar and wind energy backed by storage and transmission remain the lowest-cost new-build electricity generation technologies.
CleanPeak secures $500 million to grow solar and storage platform
Global investment firm KKR has committed $500 million to partner with Australian renewables company CleanPeak Energy and support the growth of its distributed energy platform, focusing on solar, battery energy storage, and microgrid solutions.
Perth battery manufacturer plans major expansion
Perth-based energy storage and off-grid power system specialist Magellan Power has launched a $15 million funding round to boost its manufacturing capabilities and support a “significant expansion” of its operations across Australia.
Calix green iron demonstration plant progresses with $44 million backing
Sydney-headquartered sustainability solutions company Calix Limited has secured a $44.9 million grant to build a zero emissions steel technology green iron demonstration plant in Australia.
